2400 Mccoll Rd McAllen, TX 78503
- Retail properties
- 4,656 SF
- 1.79 lot acres
Current Use by Public Records
- 7-Eleven / Gas Station
Property Details for 2400 Mccoll Rd
- Year built
- 2023
- Lot size
- 1.79 lot acres
- Property size
- 4,656 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Class A retail investment presents a compelling opportunity. Located at 2400 S McColl Rd, McAllen, TX 78503, this 4,656 square foot, newly constructed (2023) convenience store and gas station boasts a strong 5.10% cap rate and a substantial NOI of $286,803. The property sits on a 1.79-acre lot in a high-traffic area with over 32,000 vehicles daily. Benefitting from a long-term absolute NNN lease with a corporate guarantee (7-Eleven, Wawa, Circle K, Sheetz) extending until August 31, 2038 (13.8 years remaining), the lease includes 7.5% rent bumps every five years. The property's strategic location near I-2, a major hospital, the McAllen International Airport, and La Plaza Mall, ensures consistent high traffic and strong tenant performance. Significant tax advantages are available through accelerated depreciation and cost segregation, further enhancing the investment's appeal. The affluent area boasts an average household income exceeding $90,000 within a one-mile radius and a population exceeding 216,000 within five miles, projected to grow by 8-10% by 2029. This property offers a rare combination of strong tenant, prime location, and significant financial benefits, making it an ideal addition to any portfolio. The tenant is ranked among the Fortune Global 500 and holds an "A" S&P investment grade credit rating.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAllen
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.2175
- Latitude
- 26.1784
